Roots (TSE:ROOT) had its target price raised by Royal Bank Of Canada from C$11.00 to C$12.00 in a report issued on Wednesday morning. The brokerage currently has a sector perform rating on the stock.

ROOT has been the topic of a number of other research reports. Jefferies Group reissued a buy rating and issued a C$16.00 price target on shares of Roots in a report on Monday, November 13th. TD Securities raised shares of Roots from a buy rating to an action list buy rating in a report on Monday, November 27th. Canaccord Genuity reissued a buy rating and issued a C$13.00 price target on shares of Roots in a report on Monday, November 13th. Finally, BMO Capital Markets reaffirmed an outperform rating and set a C$13.00 target price on shares of Roots in a report on Monday, November 13th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of C$14.10.

Shares of Roots (TSE:ROOT) traded down C$0.14 during trading hours on Wednesday, hitting C$10.41. 158,135 shares of the stock were exchanged, compared to its average volume of 245,833. Roots has a 1 year low of C$8.55 and a 1 year high of C$11.55.

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About Roots

Roots Corp is a Canada-based retailer within apparel industry. It offers leather goods, athletic wear and accessories. Its products comprise leather bags, handbags, purses, briefcases, footwear, as well as men’s and women’s clothing, including sweaters, hoodies, sweats, watches, athletic t-shirts, yoga wear, accessories, among others.

Analyst Recommendations for Roots (TSE:ROOT)

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